Insurance is always the best way of protection against unwarranted events. Health insurance, in particular, is the most sought-after policy that can provide safety from sicknesses and accidents. In India, several people opt for Health Insurance for themselves and their families. It is because of the physical, financial, and mental benefits of health insurance. Read on to know about the seven benefits of the best health insurance plans in India.
The Top 8 Benefits That the Best Health Insurance Plans in India Offers
Life insurance is the most purchased policy in India, followed by health insurance. Health insurance in India is a 508.72 billion Indian Rupees market. This data is enough to show how many people prefer health insurance in India. Several factors and benefits cause the high number of policies in India. So, let us discuss the seven significant benefits of the best health insurance plans in India.
Hospital Expenses
One of the primary purposes of health insurance is to reduce or remove the burden of hospital expenses. Hospitalization expenses due to diseases and accidents can be extremely costly. No matter your family’s financial position, such hospitalization charges affect your future lifestyle. With the help of health insurance, you don’t need to worry about these unforeseen expenses.
Treatment Expenses
Health insurance covers the hospital expenses and covers the related treatment costs. The associated costs include medicine, treatment, dressings, day-care, transportation, food, and lodging of relatives. The best health insurance plans in India provide coverage of all the aspects revolving around a person’s hospitalization. It will reduce the tension on relatives to gather money at a short notice for the extra expenses.
Protection From Chronic Diseases
All major insurance providers provide the policyholder with protection against chronic diseases. Best health insurance plans in India cover chronic diseases such as blood pressure, diabetes, cholesterol, arthritis, heart disease, and kidney disease. These diseases last for a long time, and the perfect health insurance policy gives health coverage for their treatment expenses.
Claim Restoration
Another benefit of a good health insurance plan is claim restoration. If you use your insured sum on a single treatment, the insurance provider will restore the insured amount. And it is usable in case of need of a second treatment even in the same financial year. Very few major insurance companies provide multiple claim insurances within a year. But claim restoration is a paid add-on in the best health insurance plans in India.
No Claim Bonus
No claim bonus or NCB is for the policyholders who did not claim insurance. There is no NCB in the first year of the policy, but after the first year, it keeps on increasing. This bonus converts into credit and decreases the total premium amount.
Non-Allopathy Treatments
The best health insurance plans in India are not just limited to allopathic treatments. They also cover charges of homoeopathy, Ayurveda, Yunani, and psychiatric treatments. It is a handy feature for people allergic or reactive to allopathy medicines.
Tax Benefits
Health insurances also have financial benefits like tax exemption. The premium amount paid for health insurance is deductible from the taxable amount according to the Income Tax rules in India.
Wellbeing
Health insurance gives physical and mental peace to a person suffering from some unpredicted disease. You can get the best treatment possible with health insurance without the cost restrictions. Also, you can be stress-free from the mental pressure of gathering such a large amount of money in a short time.
Now you must understand the eight benefits that the best health insurance plans in India offer. These are more than enough to persuade you to get health insurance if you don’t have one already. Many major insurance companies are now involved in the health insurance sector, and one such company is Care Health Insurance. Care Health Insurance (a subsidiary of Religare Enterprises Limited) is a premier Health insurance provider in India. You must visit their official website or consult an authorized agent before buying health insurance.
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